Which of the Following Is a True Statement

question 62

Multiple Choice

Which of the following is a true statement?

• A)Congress allows self-employed taxpayers to deduct the employer portion of their self-employment tax
• B)To deduct expenses associated with any profit-motivated activity, taxpayers must maintain a high level of involvement or effort in the activity throughout the year
• C)Business activities never require a relatively high level of involvement or effort from the taxpayer
• D)All business expenses are deducted for AGI
• E)All of these choices are correct.